Estimate your net profit after commissions, mortgage payoff, and closing costs.
Gross Sales Price:$0.00
Agent Commission:-$0.00
Mortgage Payoff:-$0.00
Estimated Closing Costs:-$0.00
Repairs & Credits:-$0.00
Total Net Proceeds:$0.00
Understanding Your Home Sale Net Proceeds
Selling a home involves much more than just the final sale price. To understand how much cash you will actually walk away with at the closing table, you must factor in various selling expenses. This home sale proceeds calculator helps you visualize the "net" versus the "gross."
Key Factors in the Calculation
Sale Price: The final amount agreed upon in the purchase contract.
Mortgage Payoff: This includes the remaining principal on your loan plus any interest accrued until the day of closing.
Real Estate Commissions: Typically the largest expense, often ranging from 5% to 6% of the sale price, split between the listing and buyer's agents.
Closing Costs: These vary by state but generally include title insurance, transfer taxes, recording fees, and attorney fees.
Repairs and Credits: Costs incurred to prepare the house for sale or "seller concessions" requested by the buyer following an inspection.
Example Calculation
If you sell your home for $400,000 with a mortgage balance of $250,000:
To increase your net profit, focus on minor high-ROI improvements like fresh paint or landscaping which can boost the sale price without massive upfront costs. Additionally, timing your sale during a "seller's market" can lead to multiple offers, potentially driving the sale price higher and offsetting some of the closing expenses.
function calculateProceeds() {
var salePrice = parseFloat(document.getElementById("salePrice").value);
var mortgagePayoff = parseFloat(document.getElementById("mortgagePayoff").value) || 0;
var commissionRate = parseFloat(document.getElementById("agentCommission").value) || 0;
var otherClosing = parseFloat(document.getElementById("otherClosingCosts").value) || 0;
var repairs = parseFloat(document.getElementById("repairCosts").value) || 0;
if (!salePrice || salePrice <= 0) {
alert("Please enter a valid sale price.");
return;
}
// Calculations
var commissionAmount = salePrice * (commissionRate / 100);
var totalDeductions = mortgagePayoff + commissionAmount + otherClosing + repairs;
var finalNet = salePrice – totalDeductions;
// Formatting
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
});
// Display results
document.getElementById("resGrossPrice").innerText = formatter.format(salePrice);
document.getElementById("resCommissionAmount").innerText = "-" + formatter.format(commissionAmount);
document.getElementById("resMortgage").innerText = "-" + formatter.format(mortgagePayoff);
document.getElementById("resClosing").innerText = "-" + formatter.format(otherClosing);
document.getElementById("resRepairs").innerText = "-" + formatter.format(repairs);
document.getElementById("resFinalNet").innerText = formatter.format(finalNet);
// Show result container
document.getElementById("proceedsResult").style.display = "block";
}